The u. S. And china may Start Talking trade again. Beijing says the phase one progress review should happen soon. Alibaba offered more signs of chinas strengthening rebound. Shares jumped last quarter. The company says it is no threat to National Security. Lets take a look at our final friday session in asia. Sophie kamaruddin is half in hong kong. Green for are seeing asian futures on friday, this after the wobble we saw. We are keeping an eye on names like panasonic. We are keeping and i on a theme in japan, showing the dominance of quality stocks versus their value peers may have a bumpy road ahead. Torall, we could be looking end the week on a risk on note. Watching the terminal, we are looking to see if asia will track. Joint the slot punch joins the slump on softer chip prices. With that risk, the big jump in taiwans july export orders may be too backwards looking. Offer a more timely check. On the tech front, alibabas results showed improving Chinese Consumer sentiment. Shery he
One progress review should happen soon. More signs offers china strengthening rebound. Sales jumped by one third last quarter to 22 billion. The company insists it is no threat to u. S. National security. Lets take a look at how we are shaping up on this final friday session of the day. Lets get over to sophie he was taking a closer look. What are we watching . Vibes coming through with futures largely higher. We could see some weakness in korea following the drop that we saw for the kospi. On the docket today were looking at cpi from japan. Nikkei futures move slightly higher this morning, while the yen is trading below the 106 handle. Pulling up the chart on the terminal, we are watching to see if tech will bounce back in the region after thursdays selloff which saw the kospi with a big loss and the worst day for the regional tech index since march. Samsung took a hit on the south outlook for to prices. Prices. Outlook on chip potential hits on huawei and delayed 5g. That could hurt
Clouds gather. And Boris Johnson heads to downing street. Must avoid a damaging no deal divorce at all costs. Check ofget a quick the markets. We saw the s p 500 topping 3000, gaining the most in more than a week. Earnings from the morning session. Ofults out of the likes cocacola, united technologies, not to mention Lockheed Martin beating expectations. We got news u. S. Negotiators were headed to china for the first facetoface negotiations since may. U. S. Futures under pressure, down 0. 1 . Taking a hit after hours after reports they would be facing more antitrust scrutiny. Lets see how we are shaping up in asia. Pointing to a mixed start as investors consider the warning on Global Growth with china receiving a global downgrade. Even as we have optimism around the u. S. China trade talks. The boj expected to downgrade some projections as well as lower Inflation Forecasts. Pmi datapanese flash and earning seasons taking off in earnest with names reporting in south korea. Of updates f
Good morning, welcome to daybreak australia. We are counting down to asias major market opens. Kathleen good evening from bloombergs World Headquarters in new york. Top stories this hour. China traders shun a risk ahead of the u. S. Inflation report with oil hitting a high for the year. Bond investors willing to settle for a 10 year yield before below 4 in the latest round of the refunding options. Disney having gains after the bell after the prophets be the lower spending outlook. Chinas reopening helping themepark revenue. Kathleen the u. S. Is weaponizing trade after President Biden signs an executive order limiting investments in some of its companies. Lets take a quick look on wall street. It was a down day ahead of the cpi report. Nasdaq closing down more than 1. 2 . Nvidia laid the way but tesla, amazon and apple apple also losing ground. Theres a big jump in energy stocks. 28 surge in the european lng price was what led that. Also help push oil to a 10 month high. After the bel
President trump has picked the former president of eli lillys u. S. Division to become the next secretary of health and human services. If confirmed, azar replaces tom price. Global news 24 hours a day. This is bloomberg. Im emily chang and this is Bloomberg Technology. Coming up, the broadcom ceo says the Company Remains fully remained in the acquisition of qualcomm despite the rejection of their offer. We look at what is next for the mega chip deal. Uber has set the stage for one of the biggest private start of as softbank will have a bi a stake. Heating up in the discussions between at t and the government. First, qualcomm project broadcoms 105 billion offer, kicking off what would be the largest tech takeover battle in history. The chairman of qualcomms board issued this statement saying it is the boards unanimous belief that broadcoms proposal significantly undervalues qualcomm relative to the companys leadership position in mobile technology and our future growth prospects. What